Gov't to further deregulate China investments

Chen's remarks underscored the anti-China protests organized by the pro-independence Democratic Progressive Party against the Chinese delegation here for the fourth round of talks this week.

Many tourists from China have made elaborate efforts to skip the sightseeing spots in areas with DPP administrations on the island.

Chinese business leaders participating in the investment seminar called for further liberalization of investment restrictions and more convenient entry procedure, including granting visas upon landing, and offering investment and tax incentives to Chinese investors like those already enjoyed by local enterprises in Taiwan.

Some said they will take opportunities to gain further understanding of the regulations imposed especially on Chinese enterprises.

Some others said they have been considering investments in certain business operations, but the projects they are interested in are still prohibited by the authorities here.

They have to wait a little bit longer before taking concrete actions depending on further liberalization measures to be adopted by the Taiwan authorities, they added.

Minister of Economic Affairs Shih Yen-shiang said that his ministry has been conducting an evaluation of the Phase I opening to Chinese investments formally launched in July.

He also expressed the hope of finalizing by next spring the expanded list of business categories to be liberalized in the second phase after consulting with the business community and other government agencies.

Those that are likely to be put on the new list will include the steel, food and beverage, flat panel, and online game industries, revealed sources at the MOEA.

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